Issuance Requests. By delivering to the Administrative Agent and the Issuer an Issuance Request, together with an Enhancement Letter of Credit Application and Agreement if such Issuance Request is in respect of an Enhancement Letter of Credit on or before 11:00 a.m. (New York City, New York time), a Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three nor more than 30 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer), in the case of General Letters of Credit, and on not less than 15 nor more than 30 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer), in the case of Enhancement Letters of Credit (provided that the Stated Amount of any such Enhancement Letter of Credit need not be provided to the Issuer in writing until the fifth Business Day prior to the issuance thereof), that the Issuer issue Letters of Credit in support of financial obligations of such Subsidiary Borrower or any other Account Party incurred (in the case of General Letters of Credit) in the ordinary course of business of such Borrower or such Account Party, as the case may be, and which are described in such Issuance Request; provided that, in the case of an Issuance Request that requests an increase in the Stated Amount of an Enhancement Letter of Credit then outstanding, such Issuance Request shall be so delivered on not less than five nor more than fifteen Business Days notice (or such shorter or longer notice as may be acceptable to the Issuer). Upon receipt of an Issuance Request and, if applicable, an Enhancement Letter of Credit Application and Agreement, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
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Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)
Issuance Requests. By delivering to the Administrative Agent and the Issuer an Issuance Request, together with an Enhancement Letter of Credit Application and Agreement if such Issuance Request is in respect of an Enhancement Letter of Credit on or before 11:00 a.m. 1:00 p.m. (New York City, New York time), a the Borrower may request, from time to time prior to the Loan Commitment Termination Date and, except in the case of the Letters of Credit which are described in the Issuance Request and applicable Enhancement Letter of Credit Application and Agreement(s) delivered by the Borrower to the Administrative Agent pursuant to Section 6.1.16, on not less than three two nor more than 30 ten Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer)notice, in the case of General Letters of Credit, and on not less than 15 nor more than 30 21 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer)notice, in the case of Enhancement Letters of Credit (provided that the Stated Amount of any such Enhancement Letter of Credit need not be provided to the Issuer in writing until the fifth Business Day prior to the issuance thereof)Credit, that the Issuer issue Letters of Credit in support of financial obligations of such Subsidiary the Borrower or any other Account Party incurred (in the case of General Letters of Credit) in the ordinary course of business of such the Borrower or such Account Party, as the case may be, and which are described in such Issuance Request; provided that, in the case of an Issuance Request that requests an increase in the Stated Amount of an Enhancement Letter of Credit then outstanding, such Issuance Request shall be so delivered on not less than five nor more than fifteen ten Business Days notice (or such shorter or longer notice as may be acceptable to the Issuer)notice. Upon receipt of an Issuance Request and, if applicable, an Enhancement Letter of Credit Application and Agreement, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
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Samples: Credit Agreement (Budget Group Inc)
Issuance Requests. By delivering to the Administrative Agent and the Issuer an Issuance Request, together with an Enhancement Letter of Credit Application and Agreement if such Issuance Request is in respect of an Enhancement Letter of Credit on or before 11:00 a.m. (New York City, New York time), a Subsidiary Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three nor more than 30 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer)notice, in the case of General Letters of Credit, and on not less than 15 nor more than 30 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer)notice, in the case of Enhancement Letters of Credit (provided that the Stated Amount of any such Enhancement Letter of Credit need not be provided to the Issuer in writing until the fifth Business Day prior to the issuance thereof)Credit, that the Issuer issue Letters of Credit in support of financial obligations of such Subsidiary Borrower or any other Account Party incurred (in the case of General Letters of Credit) in the ordinary course of business of such Borrower or such Account Party, as the case may be, and which are described in such Issuance Request; provided that, in the case of an Issuance Request that requests an increase in the Stated Amount of an Enhancement Letter of Credit then outstanding, such Issuance Request shall be so delivered on not less than five nor more than fifteen Business Days notice (or such shorter or longer notice as may be acceptable to the Issuer)notice. Upon receipt of an Issuance Request and, if applicable, an Enhancement Letter of Credit -44- 53 Application and Agreement, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
Appears in 1 contract
Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)
Issuance Requests. By delivering to the Administrative Agent and the Issuer an Issuance Request, together with an Enhancement Letter of Credit Application and Agreement if such Issuance Request is in respect of an Enhancement Letter of Credit on or before 11:00 a.m. (New York CityCredit, New York time), a the Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three two nor more than 30 10 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer)notice, in the case of Replacement General Letters of Credit, Credit and on not less than 15 five nor more than 30 10 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer)notice, in the case of Postpetition Enhancement Letters of Credit (provided that the Stated Amount or Replacement Enhancement Letters of any such Enhancement Letter of Credit need not be provided to the Issuer in writing until the fifth Business Day prior to the issuance thereof)Credit, that the Issuer issue Letters of Credit in support of financial obligations of such Subsidiary the Borrower or any other Account Party incurred (in the case of General Letters of Credit) in the ordinary course of business of such the Borrower or such Account Party, as the case may be, and which are described in such Issuance Request; provided that, in the case of an Issuance Request that requests an increase in the Stated Amount of an Enhancement Letter of Credit then outstanding, such Issuance Request shall be so delivered on not less than five two nor more than fifteen 10 Business Days notice notice. Any Issuance Request not delivered on or before 1:00 p.m. (or such shorter or longer notice as may New York City, New York time) on a Business Day shall be acceptable deemed to have been delivered on the Issuer)immediately succeeding Business Day. Upon receipt of an Issuance Request and, if applicable, an Enhancement Letter of Credit Application and Agreement, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
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